Mar City Share Discussion Threads

[a2584728] 24/2/2015 15:05

Micheal Brown was clearly horrified by the conduct of the Ryan's.

[badtime] 24/2/2015 13:17

Bigdazz..it's Ringo :)Thanks for putting some meat on the bone re your figures ..a lot of peeps just pluck a figure from no where ..I can see you have some rationale behind yours

[a2584728] 24/2/2015 12:40

Hamilton Anstead, FD, Michael Brown, the other non exec, Alan???

[fillipe] 24/2/2015 12:27

edit out duplicate

[lefrene] 24/2/2015 12:23

What, with the money they have just borrowed? :¬)

[a2584728] 24/2/2015 12:17

Will we see director buying here I wonder.

[fillipe] 24/2/2015 12:16

MAR appears strong enough since that earlier and very predictable drop - a riser since around 9am and now with 48p at the best ask, down just 1p on the day.

f

[a2584728] 24/2/2015 11:08

That break out was caused by the 1 for 10 swap?

[bigdazzler] 24/2/2015 10:44

However if you was being serious I will give you my exact targets.

1. 40p
2. 29.49p
3. 17.5p.

The above being based on support. In my view 40p being the weakest and the 17.5p being very strong as a lot of trading has taken place around this point over a long period of time and was also the point of a breakout in April 2013.

So that's where I get my general target of the 20p from but as you want exact figures its slightly worse for the longs (if I'm right) and is 17.5p.

[bigdazzler] 24/2/2015 10:16

badtime 24 Feb'15 - 09:09 - 588 of 591 0 0

Bigdazzler..i'll carry on chuckling thanks

First..why not 19..17..15?



I knew you would see sense lol, yes why not 19,17 or 15p. It would appear you now have even more bearish targets than me.

Tell me are you Barry or Paul?

[sportbilly1976] 24/2/2015 09:21

By stating the default price in the rns it gives all and sundry a target price to get the share price under...this then gets HSBC to sell the stock.

HSBC loaned £10mln on receipt of 50mln shares - 20p a share...anything over this and HSBC get a profit...a lord knows they could do with a bit of extra following their results yesterday

[badtime] 24/2/2015 09:12

Shuffle....what builders do u fancy?

[the shuffle man] 24/2/2015 09:10

Lets hope this will finally settle and get sorted. The Ryans have lost a paper fortune already (was worth £47m last week and im sure they wont want to lose the lot. They need to appoint a new FD ASAP and give us an update on the cash position and sales pipeline.

All the other housebuilders seem to be doing well at the moment and the outlook still seems to be good. Cant see interest rates going up for a while.

[badtime] 24/2/2015 09:09

Bigdazzler..i'll carry on chuckling thanks

First..why not 19..17..15?

[firstchoiceautos] 24/2/2015 09:08

Heading to 20p

[barnetpeter] 24/2/2015 08:52

It hit 38 this morning. Thats a heavy fall from Friday of course so it must be oversold....and I wonder if there were any shorts around taking their cash profits. As someone pointed out, there was plenty of selling last week. I am sure it will dip to 30p myself; shareprophets picked up on the first rns.....expect them to look in more detail at this "ahem", deal.

[qs99] 24/2/2015 08:13

just tried buying a grands worth through Barclays....no chance...interesting in itself...

[qs99] 24/2/2015 08:11

interesting: IMO shorters may try and short it to the 34p price the RNS has in it (DYOR) to try and flood market and get lower share price IMO....but then if the bulls are right and their RNS stating NAV will be at least 62p (DYOR etc) then someone may see it as a cracking opportunity and hoover them all up.....let's see....

IMO the NAV statement was the interesting one.....once the debtor has been repaid in full surely the cash flow situation of the business should also then be OK IMO?....

[a2584728] 24/2/2015 08:02

It won't get there, they will be looking for stock now ready for the "recovery" RNS in 6 months, like reading a bloody book.

[the shuffle man] 24/2/2015 07:50

The Ryan's must be pooping themselves looks like it's going to test the HSBC level this morning !

[bigdazzler] 24/2/2015 07:47

badtime 23 Feb'15 - 19:19 - 570 of 580 0 0

Does make me chuckle when a poster picks out a share price its going to...finger in wind stuff





You won't be chuckling when it gets there if your a current holder. 'Not finger in the wind stuff' based on TA.

If you need to ask why stop chuckling and go away and work it out.

Just saying!!!

[prospector77] 24/2/2015 05:58

The shuffle man - I assume it was to be cleared by cash payment on completion - obviously delays to the development/banking covenants have dictated that the payment(albeit partially cash and land) is made before completion

[keya5000] 23/2/2015 22:08

Invitation given to have the sh@t shorted out of it.

Shame.

[the shuffle man] 23/2/2015 22:03

Prospector was it not assumed though that the debt would be cleared by a cash payment not by the transfer of more propertiesFrom the interimsThe Group has earned revenue from MCDL, a related party under the common control of Maggie Ryan and Tony Ryan of GBP16.2m (2013 H1: GBP8.7m) in relation to contract work performed. The Group carries out work with MCDL under a Business Co-operation Agreement, which sets out work to be carried out and invoiced under design and build agreements.The Group had net debtor balances of GBP31.2m (2013 H1: GBP 3.4m) owing from MCDL at 30 June 2014. This is supported by a signed agreement to repay the debtor in 2014, based mainly upon the completion of the Colindale development contract, which Mar City Homes Ltd is currently building under a JCT contract.